Layoffs are happening for sure, our jobs are being shipped overseas
2 replies (most recent on top)
The mortgage side of the business saw jobs off-shored to Philippines in 2013-2014. Auto is up next it looks like. Guess what - Chase is building a whole new company offshore - gutting the US. The purpose for any company is PROFIT. This is J Dimon's way of increasing it! Much cheaper to pay workers in Philippines than US! And, you don't have all the regulations and workforce headaches. The US government is overtaxing and over-regulating companies - no wonder they move off shore!
Have you heard any dates?